This 4-family house features 4 well maintained apartments, 3-1 bedroom and 1-2 bedroom apartments. Only a 15 minute drive to Watertown and 30 minutes to Fort Drum. The property has frontage on the Chaumont River and includes a 20 tree apple orchard. Currently 100% occupied. There is also low local apartment inventory. Tenants pay all utilities. Unit #1 has washer/dryer hookups. Primary heat is electric but each unit has a propane monitor giving the tenant the option of purchasing propane heat. Gross income of $36,000/year offers the new owner excellent cash flow and return on investment.
This property will not be sold separately. It is being sold as a part of the Jefferson County Portfolio:
JEFFERSON COUNTY INVESTMENT PORTFOLIO
A great opportunity to add 27 units to your investment portfolio at once. This portfolio includes a 14-unit, 100% occupied, mixed use property in the middle of the Carthage business district with 4 commercial spaces on the first level and 10 well maintained apartments on the upper 2 floors. Two 4-unit houses and one single family house are included. All of these properties are 100% occupied. Additionally, a 4-family house in Carthage in included. This house is a full renovation project. It has been stripped down to the studs and just awaits your imagination and renovation. These properties have historically been 95-100% occupied generating great consistent cash flow and net cash-on-cash return. The current owner has paid attention to details and has made significant capital improvements over his decade of ownership.
This portfolio includes the following properties:
– 266-268 State Street (MLS#: S1622918)
– 272 State Street (MLS#: S1622915)
– 32451 Co. Rt. 179 (MLS#: S1621333)
– 100 Main Street (MLS#: S1622905)
– 15243 County Route 11 (MLS#: S1622909)
– 503 West Street (MLS#: S1622912)
THE MLS AND TAX MAP NUMBERS MUST BE INCLUDED ON ALL PURCHASE OFFERS
